https://www.taxtmi.com/caselaws?id=416404 The Tribunal allowed the appeal, holding that the amendment to Section 36(1)(va) and Section 43B by the Finance Act, 2021, is prospective and does not apply retrospectively. Therefore, the disallowance of employees' contribution to PF and ESI for the relevant assessment year was deemed unwarranted, and the deduction claimed by the assessee was upheld. The decision favored the assessee, directing the Assessing Officer to delete the addition. en-us Wed, 15 Dec 2021 00:00:00 +0530 Tue, 28 Dec 2021 08:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416404 The Tribunal allowed the appeal, holding that the amendment to Section 36(1)(va) and Section 43B by the Finance Act, 2021, is prospective and does not apply retrospectively. Therefore, the disallowance of employees' contribution to PF and ESI for the relevant assessment year was deemed unwarranted, and the deduction claimed by the assessee was upheld. The decision favored the assessee, directing the Assessing Officer to delete the addition. Case-Laws Income Tax Wed, 15 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416404